MICHIGAN BRAILLE TRANSCRIBING FUND INC (EIN 383387837) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1997

Legal Domicile

Principal Officer

CINDY OLMSTEAD

Phone

5177805096

Tax Period

2025-01-01 to 2025-12-31

MICHIGAN BRAILLE TRANSCRIBING FUND INC, founded in 1997, is a small nonprofit in the Human Services sector that reported $540K in total revenue in fiscal year 2025. Revenue fell 43% from the prior year — a significant decline worth monitoring. Expenses of $1.1M exceeded revenue, resulting in a 103% operating deficit.

Mission

TO PRODUCE THE BEST BRAILLE MATERIALS ESSENTIAL FOR THE EDUCATIONAL NEEDS AND PURSUIT OF INDEPENDENCE FOR THE BLIND AND VISUALLY IMPAIRED.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $494,631

Investment Income $45,127

Other Revenue $0

TOTAL REVENUE $539,758

Expense Breakdown

Grants Paid $0

Salaries & Benefits $414,989

Fundraising Expenses $0

Program Expenses $693,984

Other Expenses $681,432

TOTAL EXPENSES $1,096,421

Year-over-Year Comparison

	2025	2024	Change
Revenue	$539,758	$939,775	-0.4%
Expenses	$1,096,421	$1,105,159	0.0%
Net Income	$-556,663	$-165,384	+2.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✓ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$126,858

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CINDY OLMSTEAD	CEO/PRES.	40.00	Officer	$126,858	$0	$126,858
MICHAEL BROWN	CHAIRMAN	1.00	Officer Director	$0	$0	$0
DAVID DESNOYER	TREASURER	1.00	Officer Director	$0	$0	$0
DAVID HILL	DIRECTOR	1.00	Officer Director	$0	$0	$0
JEREMY HOWARD	DIRECTOR	1.00	Director	$0	$0	$0
BRYON MORRISON	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT NORRIS	VICE-CHAIRMA	1.00	Officer Director	$0	$0	$0
JEFFREY ROUSTON	SECRETARY	1.00	Officer Director	$0	$0	$0
CURTIS BAKER SONNENBERG	DIRECTOR	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$539,758	$1,096,421	$3,189,801	$-556,663
2024	$939,775	$1,105,159	$3,558,406	$-165,384
2023	$1,159,678	$1,173,588	$3,561,263	$-13,910
2022	$849,254	$989,216	$3,240,063	$-139,962
2021	$561,926	$1,095,344	$3,791,443	$-533,418
2020	$511,442	$1,093,928	$4,114,724	$-582,486
2019	$773,033	$1,136,440	$4,288,868	$-363,407
2018	$736,521	$1,125,074	$4,152,377	$-388,553

MICHIGAN BRAILLE TRANSCRIBING FUND INC